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NY A09893

Bill

Official Source

Status

Introduced

4/22/2016

Primary Sponsor

Andrew Hevesi

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends Banking Law Section 554 by adding a new subdivision 10 defining "mail" to include electronic delivery methods
  • Permits premium finance agencies to deliver notices via email or facsimile transmission in addition to traditional postal service, personal delivery, and overnight delivery
  • Electronic delivery via email or facsimile requires compliance with consent requirements under 15 U.S.C. § 7001(c) and its implementing regulations
  • Takes effect immediately upon enactment

Legislative Description

Amends the definition of the term "mail" with respect to allowing electronic delivery of notices of premium finance agencies with insured consent.

Last Action

referred to banks

4/22/2016

Committee Referrals

Banks4/22/2016

Full Bill Text

No bill text available